Traders Sell PowerShares QQQ Trust, Series 1 (QQQ) on Strength (QQQ)

Traders sold shares of PowerShares QQQ Trust, Series 1 (NASDAQ:QQQ) on strength during trading hours on Friday. $2,796.12 million flowed into the stock on the tick-up and $2,908.41 million flowed out of the stock on the tick-down, for a money net flow of $112.29 million out of the stock. Of all companies tracked, PowerShares QQQ Trust, Series 1 had the 14th highest net out-flow for the day. PowerShares QQQ Trust, Series 1 traded up $2.65 for the day and closed at $156.10

A number of institutional investors and hedge funds have recently modified their holdings of QQQ. Jackson Grant Investment Advisers Inc. grew its holdings in PowerShares QQQ Trust, Series 1 by 108.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 774 shares of the exchange traded fund’s stock valued at $121,000 after purchasing an additional 403 shares during the period. UBS Asset Management Americas Inc. grew its holdings in PowerShares QQQ Trust, Series 1 by 48.5% in the second quarter. UBS Asset Management Americas Inc. now owns 891 shares of the exchange traded fund’s stock valued at $123,000 after purchasing an additional 291 shares during the period. Glassman Wealth Services grew its holdings in PowerShares QQQ Trust, Series 1 by 177.9% in the fourth quarter. Glassman Wealth Services now owns 806 shares of the exchange traded fund’s stock valued at $126,000 after purchasing an additional 516 shares during the period. Atlantic Trust LLC grew its holdings in PowerShares QQQ Trust, Series 1 by 65.2% in the third quarter. Atlantic Trust LLC now owns 920 shares of the exchange traded fund’s stock valued at $134,000 after purchasing an additional 363 shares during the period. Finally, C M Bidwell & Associates Ltd. acquired a new stake in PowerShares QQQ Trust, Series 1 in the fourth quarter valued at approximately $139,000. 39.14% of the stock is currently owned by institutional investors.

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PowerShares QQQ Trust, Series 1 Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.